diff --git a/CHANGELOG.md b/CHANGELOG.md
index ff5c8f6..2d2c95c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -24,6 +24,7 @@
   * `SelfBefore32`: detect `$self` usage in pre-3.2 documents (3.2 addition)
   * `TagFieldsBefore32`: detect Tag Object `summary` / `parent` / `kind` usage in pre-3.2 documents (3.2 additions)
   * `ServerNameBefore32`: detect Server Object `name` usage in pre-3.2 documents (3.2 addition)
+  * `ExampleValueFieldsBefore32`: detect Example Object `dataValue` / `serializedValue` usage in pre-3.2 documents (3.2 additions)
 * expose the declared version as `OpenAPI#openapi_version` (a `Gem::Version`, or nil when the field is missing or malformed) so `SpecValidator` rules compare version ranges; a 3.2 document is checked by the 3.1-or-later rules
 * support 3.1-style numeric `exclusiveMinimum` / `exclusiveMaximum` in value validation (standalone bound, not a Boolean modifier on `minimum` / `maximum`)
 * support `type: "null"` (3.1 primitive) in value validation
diff --git a/lib/openapi_parser/spec_validator.rb b/lib/openapi_parser/spec_validator.rb
index b038113..5d0df2d 100644
--- a/lib/openapi_parser/spec_validator.rb
+++ b/lib/openapi_parser/spec_validator.rb
@@ -19,6 +19,7 @@
 require_relative 'spec_validator/rules/self_before_32'
 require_relative 'spec_validator/rules/tag_fields_before_32'
 require_relative 'spec_validator/rules/server_name_before_32'
+require_relative 'spec_validator/rules/example_value_fields_before_32'
 
 module OpenAPIParser
   class SpecViolationError < OpenAPIError
@@ -85,6 +86,7 @@ def rules
           Rules::SelfBefore32,
           Rules::TagFieldsBefore32,
           Rules::ServerNameBefore32,
+          Rules::ExampleValueFieldsBefore32,
         ]
       end
   end
diff --git a/lib/openapi_parser/spec_validator/rule.rb b/lib/openapi_parser/spec_validator/rule.rb
index 3007195..204c9e0 100644
--- a/lib/openapi_parser/spec_validator/rule.rb
+++ b/lib/openapi_parser/spec_validator/rule.rb
@@ -56,6 +56,11 @@ def each_node(root, *klasses)
           end
         end
 
+        # escapes a map key for use in a violation path, matching object_reference
+        def escape_reference(key)
+          key.to_s.gsub('/', '~1')
+        end
+
         def walk(node, visited, &block)
           return unless node.respond_to?(:_openapi_all_child_objects)
           return if visited[node.object_id]
diff --git a/lib/openapi_parser/spec_validator/rules/example_value_fields_before_32.rb b/lib/openapi_parser/spec_validator/rules/example_value_fields_before_32.rb
new file mode 100644
index 0000000..c54dd38
--- /dev/null
+++ b/lib/openapi_parser/spec_validator/rules/example_value_fields_before_32.rb
@@ -0,0 +1,48 @@
+module OpenAPIParser
+  class SpecValidator
+    module Rules
+      # 3.2 adds `dataValue` and `serializedValue` to the Example Object.
+      # Example Objects are not modeled by the parse layer, so this rule
+      # inspects the raw `examples` maps on Parameter, Media Type, and
+      # Header objects, plus `components.examples`. Media Types under a
+      # Parameter or Header `content` and anything under callbacks are not
+      # modeled, so examples there are not reached.
+      class ExampleValueFieldsBefore32 < Rule
+        NEW_FIELDS = %w[dataValue serializedValue].freeze
+
+        def check(root)
+          return [] unless version_before?('3.2')
+
+          violations = []
+          node_classes = [
+            OpenAPIParser::Schemas::Parameter,
+            OpenAPIParser::Schemas::MediaType,
+            OpenAPIParser::Schemas::Header,
+            OpenAPIParser::Schemas::Components,
+          ]
+          each_node(root, *node_classes) do |node|
+            raw = node.raw_schema
+            next unless raw.is_a?(Hash)
+
+            examples = raw['examples']
+            next unless examples.is_a?(Hash)
+
+            examples.each do |name, example|
+              next unless example.is_a?(Hash)
+
+              NEW_FIELDS.each do |field|
+                next unless example.key?(field)
+
+                violations << violation(
+                  path: "#{node.object_reference}/examples/#{escape_reference(name)}/#{field}",
+                  message: "`#{field}` on an Example Object is a 3.2 addition; earlier documents have no such field",
+                )
+              end
+            end
+          end
+          violations
+        end
+      end
+    end
+  end
+end
diff --git a/sig/openapi_parser/spec_validator.rbs b/sig/openapi_parser/spec_validator.rbs
index 3b0e482..eb78f9e 100644
--- a/sig/openapi_parser/spec_validator.rbs
+++ b/sig/openapi_parser/spec_validator.rbs
@@ -36,6 +36,7 @@ module OpenAPIParser
       private def violation: (path: String, message: String) -> SpecViolation
       private def each_schema: (untyped root) ?{ (untyped) -> void } -> untyped
       private def each_node: (untyped root, *Class klasses) { (untyped) -> void } -> void
+      private def escape_reference: (untyped key) -> String
       private def walk: (untyped node, Hash[Integer, bool] visited) { (untyped) -> void } -> void
     end
 
@@ -116,6 +117,11 @@ module OpenAPIParser
       class ServerNameBefore32 < Rule
         def check: (OpenAPIParser::Schemas::OpenAPI root) -> Array[SpecValidator::SpecViolation]
       end
+
+      class ExampleValueFieldsBefore32 < Rule
+        NEW_FIELDS: Array[String]
+        def check: (OpenAPIParser::Schemas::OpenAPI root) -> Array[SpecValidator::SpecViolation]
+      end
     end
   end
 
diff --git a/spec/data/openapi_3_2/example_value_fields_31.yaml b/spec/data/openapi_3_2/example_value_fields_31.yaml
new file mode 100644
index 0000000..dfa2ebb
--- /dev/null
+++ b/spec/data/openapi_3_2/example_value_fields_31.yaml
@@ -0,0 +1,25 @@
+openapi: 3.1.0
+info:
+  title: Pet API
+  version: '1.0'
+paths:
+  /pets:
+    post:
+      summary: Create a pet
+      requestBody:
+        content:
+          application/json:
+            schema:
+              type: object
+            examples:
+              dog:
+                summary: A dog
+                # `dataValue` and `serializedValue` on an Example Object are
+                # 3.2 additions; a 3.1 document has no such fields, so their
+                # use here is a spec violation.
+                dataValue:
+                  name: Rex
+                serializedValue: '{"name":"Rex"}'
+      responses:
+        '201':
+          description: Created
diff --git a/spec/data/openapi_3_2/example_value_fields_32.yaml b/spec/data/openapi_3_2/example_value_fields_32.yaml
new file mode 100644
index 0000000..c16414a
--- /dev/null
+++ b/spec/data/openapi_3_2/example_value_fields_32.yaml
@@ -0,0 +1,24 @@
+openapi: 3.2.0
+info:
+  title: Pet API
+  version: '1.0'
+paths:
+  /pets:
+    post:
+      summary: Create a pet
+      requestBody:
+        content:
+          application/json:
+            schema:
+              type: object
+            examples:
+              dog:
+                summary: A dog
+                # `dataValue` and `serializedValue` are legitimate Example
+                # Object fields under 3.2, so no violation is expected here.
+                dataValue:
+                  name: Rex
+                serializedValue: '{"name":"Rex"}'
+      responses:
+        '201':
+          description: Created
diff --git a/spec/openapi_parser/spec_validator/integration_3_2_spec.rb b/spec/openapi_parser/spec_validator/integration_3_2_spec.rb
index 43c882e..9c0c61d 100644
--- a/spec/openapi_parser/spec_validator/integration_3_2_spec.rb
+++ b/spec/openapi_parser/spec_validator/integration_3_2_spec.rb
@@ -80,4 +80,18 @@ def expect_clean(file)
       expect_clean('server_name_32.yaml')
     end
   end
+
+  describe 'Example Object dataValue/serializedValue (3.2 additions)' do
+    it 'warns on the version-mismatched document under :warn' do
+      expect_mismatch_warns('example_value_fields_31.yaml', [:example_value_fields_before32, :example_value_fields_before32])
+    end
+
+    it 'raises SpecViolationError on the version-mismatched document under :raise' do
+      expect_mismatch_raises('example_value_fields_31.yaml', [:example_value_fields_before32, :example_value_fields_before32])
+    end
+
+    it 'stays clean on the correctly-versioned document' do
+      expect_clean('example_value_fields_32.yaml')
+    end
+  end
 end
diff --git a/spec/openapi_parser/spec_validator/rules/example_value_fields_before_32_spec.rb b/spec/openapi_parser/spec_validator/rules/example_value_fields_before_32_spec.rb
new file mode 100644
index 0000000..7899032
--- /dev/null
+++ b/spec/openapi_parser/spec_validator/rules/example_value_fields_before_32_spec.rb
@@ -0,0 +1,111 @@
+require_relative '../../../spec_helper'
+
+RSpec.describe 'OpenAPIParser::SpecValidator::Rules::ExampleValueFieldsBefore32' do
+  def base_doc(openapi_version_string, example)
+    {
+      'openapi' => openapi_version_string,
+      'info' => { 'title' => 'test', 'version' => '1.0' },
+      'paths' => {
+        '/pets' => {
+          'post' => {
+            'requestBody' => {
+              'content' => {
+                'application/json' => {
+                  'schema' => { 'type' => 'object' },
+                  'examples' => { 'dog' => example },
+                },
+              },
+            },
+            'responses' => { '201' => { 'description' => 'Created' } },
+          },
+        },
+      },
+    }
+  end
+
+  def doc_with_value_fields(openapi_version_string)
+    example = {
+      'summary' => 'A dog',
+      'dataValue' => { 'name' => 'Rex' },
+      'serializedValue' => '{"name":"Rex"}',
+    }
+    OpenAPIParser.parse(base_doc(openapi_version_string, example), strict_reference_validation: false)
+  end
+
+  def doc_without_value_fields(openapi_version_string)
+    example = { 'summary' => 'A dog', 'value' => { 'name' => 'Rex' } }
+    OpenAPIParser.parse(base_doc(openapi_version_string, example), strict_reference_validation: false)
+  end
+
+  def run_rule_for(root)
+    OpenAPIParser::SpecValidator::Rules::ExampleValueFieldsBefore32.new(root.openapi_version).check(root)
+  end
+
+  context 'with a 3.2 document using dataValue and serializedValue' do
+    it 'reports no violation' do
+      root = doc_with_value_fields('3.2.0')
+      expect(run_rule_for(root)).to eq []
+    end
+  end
+
+  context 'with a 3.2 document using only the classic value field' do
+    it 'reports no violation' do
+      root = doc_without_value_fields('3.2.0')
+      expect(run_rule_for(root)).to eq []
+    end
+  end
+
+  context 'with a 3.1 document using dataValue and serializedValue' do
+    it 'reports one violation per offending field pointing at the example' do
+      root = doc_with_value_fields('3.1.0')
+      violations = run_rule_for(root)
+      expect(violations.size).to eq 2
+      expect(violations.map(&:path)).to match_array [
+        '#/paths/~1pets/post/requestBody/content/application~1json/examples/dog/dataValue',
+        '#/paths/~1pets/post/requestBody/content/application~1json/examples/dog/serializedValue',
+      ]
+      expect(violations.first.rule_name).to eq :example_value_fields_before32
+    end
+  end
+
+  context 'with a 3.1 document using only the classic value field' do
+    it 'reports no violation' do
+      root = doc_without_value_fields('3.1.0')
+      expect(run_rule_for(root)).to eq []
+    end
+  end
+
+  context 'with a 3.0 document using dataValue and serializedValue' do
+    it 'reports violations' do
+      root = doc_with_value_fields('3.0.0')
+      expect(run_rule_for(root).size).to eq 2
+    end
+  end
+
+  context 'with a 3.1 document using the new fields on parameters, headers, and components' do
+    let(:example) { { 'dataValue' => { 'name' => 'Rex' } } }
+    let(:root) do
+      raw = base_doc('3.1.0', { 'value' => {} })
+      post = raw['paths']['/pets']['post']
+      post['parameters'] = [{ 'name' => 'q', 'in' => 'query', 'schema' => { 'type' => 'string' }, 'examples' => { 'rex' => example } }]
+      post['responses']['201']['headers'] = { 'X-Id' => { 'schema' => { 'type' => 'string' }, 'examples' => { 'rex' => example } } }
+      raw['components'] = { 'examples' => { 'shared/rex' => example } }
+      OpenAPIParser.parse(raw, strict_reference_validation: false)
+    end
+
+    it 'reports each location, escaping slashes in example names' do
+      expect(run_rule_for(root).map(&:path)).to match_array [
+        '#/paths/~1pets/post/parameters/0/examples/rex/dataValue',
+        '#/paths/~1pets/post/responses/201/headers/X-Id/examples/rex/dataValue',
+        '#/components/examples/shared~1rex/dataValue',
+      ]
+    end
+  end
+
+  context 'with a document whose openapi field is not a version' do
+    it 'reports no violation (rule skipped)' do
+      root = doc_with_value_fields('not-a-version')
+      expect(run_rule_for(root)).to eq []
+    end
+  end
+end